Bernanke To Be Deposed In Court Over AIG Bailout
- U.S. JUDGE SAYS
EX-AIG CEO GREENBERG SHOULD BE PERMITTED TO DEPOSE FED CHAIRMAN BERNANKE
OVER INSURER'S BAILOUT -- COURT RULING
- U.S. COURT OF FEDERAL CLAIMS JUDGE THOMAS WHEELER SAYS THERE ARE "EXTRAORDINARY CIRCUMSTANCES" FOR TAKING OF BERNANKE'S DEPOSITION
Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by American International Group Inc's (AIG.N) former chief Maurice "Hank" Greenberg against the United States over the insurer's 2008 bailout, a judge ruled on Monday.
Judge Thomas Wheeler of the U.S. Court of Federal Claims rejected the government's effort to keep Bernanke from being deposed, saying the Fed chairman was a "central figure" in the decision to bail out AIG.
"Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker," Wheeler wrote. "These facts constitute 'extraordinary circumstances' for the taking of Mr. Bernanke's deposition."
Greenberg's Starr International Co, which once had a 12 percent stake in AIG, is suing over the government's taking of a 79.9 percent stake in the insurer in September 2008 and a separate 1-for-20 reverse stock split in June 2009.
Too bad Bernanke's predecessor, who is just as culpable for the AIG collapse and bailout, won't be sitting next to the Chairsatan or else we would very soon have a great reason to roll out the following image:
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Good luck to the judge telling a private bank what to do. Does he think that the Fed is part of the government or something? I've got news for you judge, ITS NOT! Looks like the sheeple are starting to realize that its the private bankers who got us into this mess and if we don't do what they want then we won't get the 2nd bailout that we need.
----> Odds of being deposed greater than zero
His only option is Zimbabwe
Oh...if you are searching for a name to this it is called Fascism. Police today even have the Black Shirts.
Bernank: If by truth you mean by the way I see things through the eyes of a lying corrupt counterfeiter of money then yes.
The Bernank: "Not Literally"
Judge: "To be clear, that is NOT, repeat NOT, the whole truth and nothing but the truth and you pull that shit in my court your ass is going to jail for perjury and contempt of court...you asshole"
Anti-Bear Suit at all times
"I did nothing wrong, I was acting in consultation with Hank Paulson, I saved the economy from Great Depression II, without the FED and I all insurers and banks would have collapsed - and Global Warming would have melted the polar ice caps - and...um...(gulp of water)...oh yeah, I plead the Fifth."
------> Odds of Bernanke testifying
Maybe it will become known as the Rat trials.
This country is going down. It has never been weaker except during the revolutionary war. All that crap coming out about NSA security and DHS. This place is imploding of its own accord and the degenerates in Washington are derelict in their duties (they've been paid and have taken the money like cheap hookers in exchange for treason.)
Bernanke, Snowden and Dominique Strauss-Kahn should all be roomies.